The Indian state of Kerala is in the Southwestern region of the country. It is known as God’s Own Country and famous for its serene natural beauty, cultural heritage, and quality of life. Investing in Kerala is a good choice as the state is developing economically and attracting many professionals from all over. Builders in Kerala are cashing on these developments by developing luxury apartments.
1. Tourism
Kerala is a major tourist destination attracting visitors from all over the world. The scenic backwaters, lush green landscapes and beautiful beaches make it an ideal spot for travelers. Tourism thrives on offering good properties for stay. Investing in hotels, resorts, restaurants and other real estate related to hospitality can prove to be profitable. For example, 3 BHK flats in Kochi can be rented out to tourists for short intervals.
2. Growing Urbanization
The major cities in Kerala are witnessing rapid urbanization. This is due to special efforts taken by the government to develop the economy of these cities. Thiruvananthapuram, Kochi, Kozhikode and Kollam are some of the major cities of Kerala that are seeing the development of the real estate market. Many initiatives to develop industries like IT and Manufacturing in Kerala have resulted in better infrastructure and facilities. These are positive signs for developers in Kerala to create world-class residential and commercial projects to meet the demand.
3. High Literacy and Quality of Life
Kerala is known to have the highest literacy rate in India. The state offers best quality of education resulting in a large pool of skilled resources. This is one of the reasons for the booming IT sector in the state. The clean and comfortable weather also encourages professionals to settle down in cities that are equipped with modern infrastructure and facilities. It is a great option for people living in large cities which are saturated and falling short of natural resources as 2 BHK flats in Trivandrum are on par with those in major metro cities.
4. Booming Real Estate
Noticing the many changes that the state is undergoing, builders in Kerala are building modern residential complexes with the best amenities to meet the expectations of young citizens. Investors can choose from a wide variety of residential and commercial properties depending on their budget. It can be budget apartments, luxury flats, township residences, villas, and independent houses, the investor can pick and choose the type of property and the city they want to invest in. The new regulations have also made the process of purchasing property easy and streamlined to avoid delays and unnecessary procedures.